We have been ranging here for the past few days. I am still waiting for the test of the lower trend line which I think will happen today. Shown on the chart is the levels I will be looking to buy from. My Target is 1.22. We can expect fireworks this afternoon when the Autumn statement is announced.
This supported nicely from my first level. 1.22 is still my target, from there I see us having a larger pull back. potentially to the 1.15 level.
JoeChampion
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Great insight, we are also bearish USD here!
KingWenz84
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@JoeChampion, cheers. are you truly bearish, or bearish for the pull back? I guess we are technically still bearish until the break of the last high on the higher TF